Commercial Condo offered at ~6.8% Cap in Williamsburg

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 100 North 3rd Street, a commercial condo located in the heart of Williamsburg, one of Brooklyn’s most dynamic and in-demand neighborhoods. The 718-square-foot retail condo features 23 feet of frontage on North 3rd Street and is currently tenanted by 7 Leaf Clover, a retail storefront focused on the sale of cannabis and hemp products, to the extent allowable by the adult-use retail dispensary license. 7 Leaf Clover offers a curated selection of wellness-focused THC & CBD products and has established itself as a trusted retailer in the cannabis market. The tenant’s strong branding and alignment with the health and wellness trends of the Williamsburg demographic contribute to long-term viability and stable income. At the suggested pricing guidance, the asset is being offered at a ~6.8% cap rate, presenting investors with an opportunity to acquire a well-positioned, income-generating retail property in one of Brooklyn’s most desirable commercial corridors. 100 North 3rd Street benefits from heavy foot traffic, close proximity to prime retail corridors on Bedford Avenue & North 6th Street, and access to an abundance of restaurants, boutiques, and cultural attractions that define the Williamsburg lifestyle.